DODFX vs. SAHMX

Last updated Jun 25, 2026

DODFX (Dodge & Cox International Stock Fund) and SAHMX (SA International Value Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, DODFX returned 11.56%/yr vs 11.39%/yr for SAHMX. Their correlation of 0.81 suggests significant overlap in exposure. DODFX charges 0.61%/yr vs 1.11%/yr for SAHMX.

Performance

DODFX vs. SAHMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dodge & Cox International Stock Fund (DODFX) and SA International Value Fund (SAHMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DODFX achieves a 11.85% return, which is significantly higher than SAHMX's 9.95% return. Both investments have delivered pretty close results over the past 10 years, with DODFX having a 11.56% annualized return and SAHMX not far behind at 11.39%.

DODFX

• 1D: -1.81%
• 1M: 1.49%
• YTD: 11.85%
• 6M: 11.85%
• 1Y: 28.31%
• 3Y*: 20.12%
• 5Y*: 11.37%
• 10Y*: 11.56%

SAHMX

• 1D: -1.08%
• 1M: -1.18%
• YTD: 9.95%
• 6M: 9.95%
• 1Y: 31.16%
• 3Y*: 22.07%
• 5Y*: 13.37%
• 10Y*: 11.39%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DODFX vs. SAHMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DODFX Dodge & Cox International Stock Fund	11.85%	38.77%	3.74%	16.70%	-6.78%	10.99%	5.15%	22.79%	-18.01%	23.95%
SAHMX SA International Value Fund	9.95%	44.08%	5.44%	16.49%	-3.70%	17.59%	-2.48%	14.61%	-17.95%	25.06%

Correlation

The correlation between DODFX and SAHMX is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (10Y) Calculated over the trailing 10-year period	0.80
Correlation (All Time) Calculated using the full available price history since Apr 30, 2001	0.81

The correlation between DODFX and SAHMX shifts across timeframes, from 0.69 (1 year) to 0.81 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DODFX vs. SAHMX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DODFX

DODFX Risk / Return Rank: 60
DODFX Sharpe Ratio Rank: 66
DODFX Sortino Ratio Rank: 58
DODFX Omega Ratio Rank: 64
DODFX Calmar Ratio Rank: 56
DODFX Martin Ratio Rank: 54

SAHMX

SAHMX Risk / Return Rank: 89
SAHMX Sharpe Ratio Rank: 94
SAHMX Sortino Ratio Rank: 91
SAHMX Omega Ratio Rank: 86
SAHMX Calmar Ratio Rank: 89
SAHMX Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DODFX vs. SAHMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dodge & Cox International Stock Fund (DODFX) and SA International Value Fund (SAHMX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DODFX	SAHMX	Difference
Sharpe ratio: Return per unit of total volatility	2.18	2.94	-0.76
Sortino ratio: Return per unit of downside risk	2.93	4.08	-1.15
Omega ratio: Gain probability vs. loss probability	1.41	1.53	-0.13
Calmar ratio: Return relative to maximum drawdown	2.73	4.16	-1.43
Martin ratio: Return relative to average drawdown	10.36	13.89	-3.53

DODFX vs. SAHMX - Sharpe Ratio Comparison

The current DODFX Sharpe Ratio is 2.18, which is comparable to the SAHMX Sharpe Ratio of 2.94. The chart below compares the historical Sharpe Ratios of DODFX and SAHMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DODFX vs. SAHMX - Drawdown Comparison

The maximum DODFX drawdown since its inception was -63.23%, smaller than the maximum SAHMX drawdown of -66.58%. Use the drawdown chart below to compare losses from any high point for DODFX and SAHMX.

Drawdown Indicators

	DODFX	SAHMX	Difference
Max Drawdown Largest peak-to-trough decline	-63.23%	-66.58%	+3.35%
Max Drawdown (1Y) Largest decline over 1 year	-11.14%	-8.72%	-2.42%
Max Drawdown (3Y) Largest decline over 3 years	-14.41%	-14.85%	+0.44%
Max Drawdown (5Y) Largest decline over 5 years	-24.52%	-25.10%	+0.58%
Max Drawdown (10Y) Largest decline over 10 years	-44.61%	-48.63%	+4.02%
Current Drawdown Current decline from peak	-1.81%	-2.48%	+0.67%
Average Drawdown Average peak-to-trough decline	-11.63%	-16.14%	+4.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.93%	2.51%	+0.42%

Volatility

DODFX vs. SAHMX - Volatility Comparison

Dodge & Cox International Stock Fund (DODFX) has a higher volatility of 5.73% compared to SA International Value Fund (SAHMX) at 2.92%. This indicates that DODFX's price experiences larger fluctuations and is considered to be riskier than SAHMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DODFX	SAHMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.73%	2.92%	+2.81%
Volatility (6M) Calculated over the trailing 6-month period	12.07%	9.48%	+2.59%
Volatility (1Y) Calculated over the trailing 1-year period	13.92%	12.36%	+1.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.03%	15.48%	+0.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.94%	16.16%	+1.78%

DODFX vs. SAHMX - Expense Ratio Comparison

DODFX has a 0.61% expense ratio, which is lower than SAHMX's 1.11% expense ratio.

Dividends

DODFX vs. SAHMX - Dividend Comparison

DODFX's dividend yield for the trailing twelve months is around 4.52%, less than SAHMX's 4.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DODFX Dodge & Cox International Stock Fund	4.52%	5.05%	2.25%	2.29%	2.23%	2.49%	4.21%	3.93%	2.93%	1.93%	3.66%	2.30%
SAHMX SA International Value Fund	4.87%	5.35%	3.57%	3.46%	4.06%	3.05%	2.09%	3.66%	1.93%	2.46%	2.89%	1.91%

Frequently Asked Questions

Can I hold both DODFX and SAHMX in my portfolio?

DODFX and SAHMX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DODFX or SAHMX?

DODFX has higher volatility (5.73%) compared to SAHMX (2.92%). In terms of maximum drawdown, DODFX dropped -63.23% vs SAHMX's -66.58%.

Which has better risk-adjusted returns?

SAHMX currently has the higher Sharpe Ratio (2.94 vs 2.18), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.